I believe that people should be paid fair wages for their work, but $30,000 to sell a house is robbery.
I could not agree more.
"but $30,000 to sell a house is robbery."
Hey come on now, If I only want to work for a week and get paid like i'm working 20 days, what business is that of yours?
Yeah - and whatever you make doing what you do is robbery and your income should be limited by an arbitrary amount.
Sheesh - just wait a few minutes and the totalitarian socialists creep out of the closet. Even here at FR you find those with a limited understanding of free markets.
Yes if the major RE companies illegally undermine the fee for service RE companies or discount brokerages they should get indicted for racketeering. Otherwise to hammer at RE agents for entering into a listing agreement with a 3% for selling agent and 3% for buyers agent - thats a decision the seller agrees upon.
Many listing here in the treasure coast are 2.5 / 2.5 because its a sellers market. When its a buyers market its tougher to find a buyer and THATS work on the part of the selling agent.
No one is pointing a gun at the seller's head forcing them into a listing agreement. Sure some do not fully understand the market and yes some agents exploit this but it no different than buying a car or dishwasher.
When the man with money meets the man with experience the man with money gets experience and the man with experience gets money.
How could it be robbery if the seller agrees to the arrangement? That's called capitalism. The seller thought the service to be rendered was worth more than the $30K (or he wouldn't have agreed to the bargain). And the realtor thought the $30K was worth more than the labor and expenses involved (or he wouldn't have agreed to the bargain). This is a win-win situation.
check out the MORTGAGE BROKER or the
TITLE COMPANY......
This is the way I see it: Twenty years ago if I sold my house for the going market, $60,000, the Agent would get six percent. Now if I sell at market, $360,000, the agent still gets six percent, yet, does no more work than he/she did twenty years ago. This is a rip off.
So is paying an actor millions of dollars to do a film or television show.